Pittsburgh Hazelwood Neighborhood General Inquiry
I've lived in Pittsburgh my whole life and have always had an interest in the many different neighborhoods and the unique cultures of each area. Lately my partner and I have been thinking about buying a property or two in the Hazelwood nneighborhood of Pittsburgh. I know it is a distressed town after the collapse of the steel industry, but I also know that Uber and CMU both have recently developed a presence there and the former Almono steel plant site is ripe for development. We were thinking about buying a property, putting in some sweat equity initially, then rent the place out while the area gentrifies.
Has anyone invested in this area? Do you have any success and/or failure stories that a new investor should be aware of? Any relevant information would be extremely helpful.
Thanks!
Rick